FACTBOX-Recent green energy investments in Ontario

Reuters Staff

3 Min Read

VANCOUVER, Feb 14 (Reuters) - The outcome of an election this autumn in Ontario could stunt a budding renewable energy industry in the Canadian province just as it is becoming one of the world's hot investment destinations. [ID:nN17294250]

Here is a list of some announcements by companies on setting up operations in Ontario in the 16 months since the province unveiled its feed-in-tariff program, which pays above-market rates to developers of power from clean sources like the sun and wind.

Feb. 10 - Northland Power (NPI.TO) said it will develop a 60-megawatt wind farm in northern Ontario in a joint venture with an aboriginal company.

Feb. 10 - SkyPower, a privately owned Canadian developer of solar energy projects, said it will develop a 10-MW, 45,000-solar panel project in Thunder Bay in northern Ontario.

Feb. 1 - Enbridge Inc (ENB.TO) said it will buy two new solar projects in southern Ontario from First Solar Inc (FSLR.O) for about C$90 million ($91 million).

Jan. 31 - Celestica Inc (CLS.TO) said it will start manufacturing solar modules for customer Recurrent Energy, a U.S.-based unit of Sharp Corp (6753.T), for its projects in Ontario.

Jan. 5 - Plutonic Power Corp PCC.TO and General Electric Co (GE.N) unit GE Energy Financial Services said they will buy a 50-MW portfolio of three solar photovoltaic sites in Ontario.

Dec. 6, 2010 - U.S.-based NextEra Energy Resources agreed to buy four small photovoltaic projects, with total combined energy of 40 MW, in Ontario from First Solar Inc.

Oct. 8 - Spain's Siliken SA said it will open a plant in Windsor, Ontario, to manufacture up to 50 megawatts of solar modules annually and employ about 175 people.

Aug. 11 - Chinese company Canadian Solar (CSIQ.O) said Guelph, Ontario, will be the site of its first North American manufacturing facility, making 200 MW of solar modules annually. The facility will employ 500.

Jan. 21 - South Korea's Samsung C&T 000830.KS and partners sign a C$7 billion deal with the Ontario government to generate wind and solar power and build four plants to manufacture components. It said it expects to create more than 16,000 jobs.

$1=0.99 Canadian
Reporting by Nicole Mordant; editing by Peter Galloway